Novanta (Novanta) Long-Term Capital Lease Obligation : $46.7 Mil (As of Mar. 2024)

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What is Novanta Long-Term Capital Lease Obligation?

Novanta's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $46.7 Mil.

Novanta's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($42.7 Mil) to Dec. 2023 ($41.3 Mil) but then increased from Dec. 2023 ($41.3 Mil) to Mar. 2024 ($46.7 Mil).

Novanta's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($51.0 Mil) to Dec. 2022 ($45.5 Mil) and declined from Dec. 2022 ($45.5 Mil) to Dec. 2023 ($41.3 Mil).

Novanta Long-Term Capital Lease Obligation Historical Data

The historical data trend for Novanta's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Novanta Long-Term Capital Lease Obligation Chart

Novanta Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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48.95

38.71

51.01

45.46

41.28

Novanta Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															44.05	45.03	42.69	41.28	46.67

Novanta (NAS:NOVT) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Novanta Long-Term Capital Lease Obligation Related Terms

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Novanta (Novanta) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Novanta Inc (NAS:NOVT) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

NOVT:Mexico

Address

125 Middlesex Turnpike, Bedford, MA, USA, 01730

Website

https://www.novanta.com

Novanta Inc manufactures photonic and motion-control components for original equipment manufacturers in the medical equipment and industrial technology markets. The firm operates in three segments: photonics, vision, and precision motion. The photonics segment, which sells photonics-based products that include carbon dioxide lasers, laser scanning, super-resolution imaging lasers, and laser beam delivery items. The vision segment sells medical-grade technologies, including visualization solutions, imaging informatics products, and thermal printers contributing the majority of revenue. The precision motion segment sells optical encoders, motion control technology, and precision machined components. The firm generates the majority of its revenue from the United States and Europe.

Executives

Robert Buckley	officer: Chief Financial Officer	C/O GSI GROUP INC., 125 MIDDLESEX TURNPIKE, BEDFORD MA 01730-1409
Matthijs Glastra	officer: Group President,Laser Products	C/O GSI GROUP CORPORATION, 125 MIDDLESEX TURNPIKE, BEDFORD MA 01730
Brian S Young	officer: Executive VP, Human Resources	C/O 25 CORPORATE DRIVE, BURLINGTON MA 01803
Thomas N Secor	director	GSI GROUP INC., 125 MIDDLESEX TURNPIKE, BEDFORD MA 01730
Barbara B. Hulit	director	C/O FORTIVE CORPORATION, 6920 SEAWAY BLVD, EVERETT WA 98203
Michele Davis Welsh	officer: General Counsel	C/O NOVANTA INC., 125 MIDDLESEX TURNPIKE, BEDFORD MA 01730
Solomon Darlene J. S.	director	6070 PARKLAND BLVD., MAYFIELD HTS. OH 44124
Peter L Chang	officer: Vice President-Corp Controller	C/O GSI GROUP INC., 125 MIDDLESEX TURNPIKE, BEDFORD MA 01730
Frank Anders Wilson	director	C/O CABOT CORPORATION, TWO SEAPORT LANE, SUITE 1300, BOSTON MA 02210
Katherine Ann Owen	director	2825 AIRVIEW BLVD., KALAMAZOO MI 49002
Maxine Lum Mauricio	director	301 MERRITT SEVEN CORPORATE PARK, 6TH FL, C/O EMCOR GROUP INC., NORWALK CT 06851
Stephen W Bershad	director	66 ARROYO HONDO TRAIL, SANTA FE NM 87508
Deborah Disanzo	director	7601 PENN AVENUE SOUTH, RICHFIELD MN 55423
Lonny J Carpenter	director	2825 AIRVIEW BOULEVARD, KALAMAZOO MI 49002
Brian Douglas King	director	C/O NOVANTA INC., 125 MIDDLESEX TURNPIKE, BEDFORD MA 01730